"Merger of equals" with Karmazin in charge
Tags: 2, XM
While ABC News has supposedly "confirmed" that the merger between XM and Sirius will be announced today (clock is ticking!), their sources also indicate that this would be a "merger of equals."
That seems interesting considering that I can't see either company looking at themselves as an "equal" of the other. Yes, Sirius has the growth momentum and the retail marketshare, but XM has the balance sheet, technology edge and OEM share.
Regardless of the "equals" involved, ABC is also saying that Mel Karmazin would be in charge. And that seems to make sense.